(FANG) - Analyzing Diamondback Energy's Short Interest
Portfolio Pulse from Benzinga Insights
Diamondback Energy (NYSE:FANG) has seen a 3.38% increase in its short percent of float, now at 3.36% of all regular shares available for trading. This indicates a rise in bearish sentiment, although it remains below the peer group average of 7.34%.
June 20, 2024 | 6:00 pm
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Diamondback Energy's short interest has increased by 3.38%, now at 3.36% of float. This rise in short interest suggests growing bearish sentiment, although it is still below the peer group average of 7.34%.
The increase in short interest indicates that more investors are betting against Diamondback Energy, which could put downward pressure on the stock price in the short term. However, the short interest is still below the peer group average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100